Disseminated on behalf of SuperQ Quantum Computing Inc. and may include paid advertisements.

• SuperQ’s live Super(TM) platform enables users to address complex computational challenges, while the company continues developing its broader hybrid quantum computing ecosystem.
• Super OS(TM) is in development as a cloud and on-site operating system for hybrid quantum computing, while Super Nova(TM) represents SuperQ’s quantum computer and foundry initiative.
• The company’s strategy brings together existing software capabilities, operating system development, hardware innovation and defense applications.

As quantum computing moves toward practical applications, a key challenge is connecting emerging quantum technologies with the computing infrastructure organizations already use. Beyond processor development, broader adoption may depend on software capable of coordinating different computing architectures, supporting integration and accommodating deployment and security requirements.

SuperQ Quantum Computing (CSE: QBTQ) (OTCQB: QBTQF) is advancing its quantum computing strategy across existing software capabilities and developing hardware initiatives. Its live Super(TM) platform enables users to tackle complex optimization, simulation and artificial intelligence workloads. Building on this foundation, Super OS(TM) is in development as a cloud and on-site operating system for hybrid quantum computing, intended to coordinate conventional central processing units (“CPUs”), graphics processing units (“GPUs”) and quantum processing units (“QPUs”) within a unified computing environment.

Interoperability is a central component of SuperQ’s Super OS(TM) development strategy. According to the company’s development roadmap, the initial phase of Super OS(TM) focuses on application programming interface-driven solver orchestration, allowing computing resources to be coordinated through higher-level interfaces. Subsequent development is intended to introduce more direct, low-level quantum control electronics and error decoding, potentially extending the platform’s role toward deeper hardware integration.

SuperQ also intends to support compatible third-party quantum computers alongside its own planned systems. A hardware-agnostic approach could give organizations greater flexibility in evaluating and integrating quantum computing resources without necessarily committing to a single equipment provider. Realizing this opportunity, however, will depend on technical execution, supported integration and demonstrable customer value.

Complementing its software capabilities, SuperQ is developing Super Nova(TM), its quantum computer and foundry initiative. The project is intended to support the company’s broader hybrid quantum computing strategy, with Super OS(TM) designed to operate natively within the planned hardware architecture.

These considerations may also be relevant to government and defense organizations, where cybersecurity, data residency and operational requirements can influence technology adoption. SuperQ’s interests in sovereign computing, post-quantum cybersecurity and tactical optimization extend its strategy beyond conventional enterprise workloads. The company has reported that its Super Edge(TM) platform met performance targets during an evaluated U.S. military operational exercise, providing a specific milestone for its defense-focused software efforts.

Commercial software and hardware development could ultimately reinforce one another within SuperQ’s strategy. Software offerings can provide opportunities to demonstrate applications and build customer relationships, while continued hardware development may support organizations seeking more integrated or dedicated computing infrastructure. The extent of that opportunity will depend on development progress, successful integration, customer demand and commercial execution.

By pursuing interoperability alongside its own hardware ambitions, SuperQ is working toward an approach in which quantum software and computing infrastructure are designed to complement one another. The company’s progress in connecting these elements will be an important factor in determining how effectively its broader hybrid quantum computing vision can translate into practical applications.

For more information, visit www.SuperQ.co.

NOTE TO INVESTORS: The latest news and updates relating to QBTQF are available in the company’s newsroom at ibn.fm/QBTQF

• The company demonstrated its SSi Mantra surgical robotic system and SSi MantrAsana tele-surgeon console at two international medical conferences in October 2026.
• At the European Association for Cardio-Thoracic Surgery annual meeting in Barcelona, CEO Dr. Sudhir Srivastava performed a robotic-assisted atrial septal defect procedure on a patient approximately 7,500 miles away in Bengaluru, India.
• Four additional robotic telesurgeries were performed or broadcast during the inaugural Society of Robotic Surgery India conference, covering urological, colorectal, pediatric and gynecological procedures.
• The company reported 205 telesurgeries performed with the SSi Mantra system as of October 23, 2026, including cardiac procedures.
• The demonstrations highlight the potential for remote robotic surgery to extend specialist expertise beyond major medical centers, although widespread adoption depends on clinical validation, connectivity and regulatory requirements.
• SS Innovations is pursuing U.S. Food and Drug Administration clearance for the SSi Mantra, with completion of the 510(k) review targeted for the first quarter of 2027; the timeline remains subject to the FDA’s review.

SS Innovations (NASDAQ: SSII), a developer of innovative surgical robotic technologies, showcased its surgical robotics platform in a series of remote operations during October medical conferences in Spain and India, including a robotic-assisted cardiac procedure performed by a surgeon approximately 7,500 miles from the patient (https://ibn.fm/EZFDT).

The demonstrations featured the company’s SSi Mantra surgical robotic system and SSi MantrAsana tele-surgeon console. At the 40th European Association for Cardio-Thoracic Surgery (“EACTS”) annual meeting in Barcelona, SS Innovations Chairman and Chief Executive Officer Dr. Sudhir Srivastava remotely performed an atrial septal defect procedure on a patient at Sri Madhusudan Sai Institute of Medical Sciences and Research in Bengaluru, India.

Dr. Lalit Malik, chief cardiac surgeon of Manipal Hospital Jaipur, provided patient-side support. The procedure was performed live on stage for conference attendees, demonstrating the system’s ability to transmit a surgeon’s commands over a long distance while enabling the operating team at the patient’s location to provide direct clinical support.

The company’s announcement on October 26 also described four separate telesurgeries performed or broadcast during the inaugural Society of Robotic Surgery (“SRS”) India conference in New Delhi. The New Delhi demonstrations covered a right partial nephrectomy, a right hemicolectomy, a left-sided pyeloplasty on a pediatric patient, and a modified radical hysterectomy with sentinel lymph node biopsy.

The procedures involved different surgical specialties, offering a broader demonstration of the platform’s potential applications than a single-procedure showcase. The conference was organized by the Society of Robotic Surgery and officially inaugurated by India’s Minister of Science and Technology, Dr. Jitendra Singh.

“We were grateful for the opportunity to demonstrate the advanced telesurgery capabilities of our SSi Mantra surgical robotic system and SSi MantrAsana tele-surgeon console this month at the 40th EACTS Annual Meeting in Barcelona and the inaugural SRS India Conference in New Delhi,” Dr. Srivastava said. “As a pioneer and leader in telesurgery technology, SS Innovations aims to dismantle traditional geographic barriers and democratize access to world class health care.”

Taken together, the two events brought the technology before audiences in cardiothoracic surgery and the wider robotic surgery community. The demonstrations also underscored the company’s effort to position telesurgery as an extension of its existing surgical robotics business. As of October 23, SS Innovations reported that 205 telesurgeries, including complex cardiac procedures, had been performed using the SSi Mantra system.

The SSi MantrAsana is a portable tele-surgeon console designed to provide control functionality comparable to the standard surgeon command center while supporting remote procedures. The company says its architecture combines ultra-low-latency connectivity with high-definition visualization and precise instrument control.

Latency is a central technical consideration in telesurgery. Delays between a surgeon’s movements and the robotic system’s response can affect the precision of an operation. Reliable connections and appropriate clinical protocols are therefore essential, particularly when a surgeon and patient are separated by thousands of miles.

The SSi Mantra itself is a modular robotic platform designed for a range of procedures. Its configuration can include three to five robotic arms, a surgeon command center with a 3D 4K display, and instruments intended for different surgical specialties. The system also supports instruments designed for pediatric and ear, nose and throat procedures.

Its modular architecture is intended to accommodate a variety of operating-room requirements. The company has reported clinical validation in India across more than 190 types of surgical procedures.

SS Innovations’ commercial proposition combines this broad procedural capability with an emphasis on making robotic surgery more affordable and accessible. Price can influence adoption, particularly in healthcare markets where hospitals face constraints on capital spending. However, the ability to demonstrate reliable performance and meet local regulatory requirements remains essential to broader deployment.

SS Innovations is also pursuing entry into the U.S. market. The company has submitted a response to an FDA request for additional information concerning its 510(k) submission for the SSi Mantra system. The response included final data from an expanded human clinical validation study, according to the company’s update. SS Innovations is targeting completion of the FDA review in the first quarter of 2027. The company is also working toward CE marking to support broader access to European markets. 

For more information, visit the company’s website at www.SSInnovations.com.

NOTE TO INVESTORS: The latest news and updates relating to SSII are available in the company’s newsroom at https://ibn.fm/SSII

• The AI-powered wearable acoustic drone-detection and early-warning platform is aimed at protecting individual soldiers from unmanned aircraft threats.
• The prototype is designed to passively identify drone acoustic signatures rather than relying on radio-frequency emissions, potentially addressing threats from fiber-optic-guided drones that do not transmit conventional radio signals.
• A mesh-networking capability under development is intended to allow alerts from one device to be shared with other connected users, extending warnings across a platoon.
• The company plans to develop the technology as a standalone product platform, creating a potential business line beyond its established tactical communication and hearing-protection systems.
• Silynxcom is entering a growing market: Fortune Business Insights projects the counter-uncrewed aircraft systems market to increase from $3.88 billion in 2026 to $16.45 billion by 2034.

Silynxcom (NYSE American: SYNX), a developer of advanced soldier-worn tactical communication solutions, is developing an artificial intelligence-powered wearable drone-detection system designed to warn soldiers of approaching unmanned aircraft, marking a strategic move by the tactical communications company into the counter-drone defense market.

Announced on October 21, the prototype-stage platform is being designed to identify drone acoustic signatures in real time and alert the individual wearing the device. Because detection is passive, the system is designed to identify threats without revealing the soldier’s position. Silynxcom says the system will use sound rather than radio-frequency emissions to detect potential threats, an approach aimed at drones that conventional radio-frequency detectors may miss, including fiber-optic-guided drones that emit no radio signal and cannot be picked up by RF-emission detectors or disrupted by RF jammers (https://ibn.fm/T7awW).

The development represents an expansion beyond Silynxcom’s established business manufacturing ruggedized tactical communication headsets and accessories. The company intends to develop the new technology as a standalone product platform rather than solely as an enhancement to its existing equipment. That architecture could allow Silynxcom to approach defense customers with requirements beyond tactical communications, while retaining the option to connect the new device with existing communication systems where needed.

A central element of the system is its planned ability to share detection alerts among multiple users. Silynxcom is developing a mesh-networking capability that is designed to let wearable devices communicate directly with one another, so a warning generated by one soldier is relayed to other connected members of a platoon. Each device is designed to detect drones on its own. The aim is to provide early warning without making the system dependent on existing tactical radio networks or fixed infrastructure. As more soldiers connect, the network is designed to form a wider layer of protection across the unit.

The company’s initial focus is individual-soldier protection, with the modular approach intended to support deployments ranging from single users to connected military units.

“From Ukraine to the Middle East, modern warfare has brought the drone threat down to the individual soldier,” said Chief Executive Officer Nir Klein. “Troops need warning that moves with them as they disperse and operate beyond defended positions. Fixed-site defenses are important, but they are only one part of the protection soldiers need. This initiative represents more than the development of a new product. It marks our strategic entry into an entirely new defense market. By designing a wearable detection device combined with networked group protection, we aim to help address the protection gap at the individual-soldier level and turn one soldier’s drone warning into shared awareness across a connected platoon. We believe this can establish a new platform for long-term growth.”

The product enters a market receiving increasing attention as militaries contend with the spread of relatively inexpensive unmanned aircraft across conventional battlefields. Drones can be used for surveillance and targeting, while attack drones can threaten personnel and equipment even when troops are away from established defensive positions.

According to a Fortune Business Insights market study, the counter-uncrewed aircraft systems market is projected to grow from $3.88 billion in 2026 to $16.45 billion by 2034, representing a compound annual growth rate of 19.79%. That broad market includes detection and interdiction technologies. 

Silynxcom develops and manufactures in-ear tactical communication and hearing-protection systems used by military personnel, law enforcement agencies and industrial customers. Its products are designed to support communications while protecting hearing and preserving awareness of the surrounding environment.

The company’s PROTEGO headsets, paired with its CLARUS control unit, combine electronic ambient-sound enhancement with its TRUE VOICE in-ear microphone technology. The latter captures speech from within the ear canal, reducing reliance on conventional external boom microphones. Its systems also support connections to professional-grade radios and other communications equipment.

Until now, Silynxcom’s drone capability has been a drone-detection audio mode on its CLARUS control unit, which enhances the frequencies associated with drone sounds so operators can hear distant drone activity more clearly. The new platform goes further: running on the CLARUS control unit and using the microphones in the PROTEGO headsets, it turns each soldier into an acoustic sensor, applies AI to analyze drone acoustic signatures and issues alerts automatically. A single unit is designed to detect threats on its own, and when multiple users are connected through the mesh network, alerts are intended to be shared across the unit.

Silynxcom is establishing a dedicated team for the counter-drone initiative. The team includes recently recruited professionals with years of experience in drone technologies, including at leading drone manufacturers in Israel. The company expects the team to combine that experience with its knowledge of tactical acoustics and ruggedized equipment.

The company reported approximately $7.3 million in backlog as of April 30, 2026, compared with $5.8 million in total revenue for 2025. International diversification is another consideration. Israel accounted for approximately 74% of the company’s 2025 revenue, while more recent military orders and deliveries in Asia and Europe have supported efforts to expand outside its home market.

The wearable drone-detection platform could give Silynxcom an additional route into defense procurement programs. Its ability to detect fiber-optic-guided drones, which RF-based systems may miss, also addresses a threat drawing increasing attention on today’s battlefields. In addition, its standalone design may broaden the range of customers that can evaluate the technology without replacing their existing communication systems.

For more information, visit the company’s website at https://silynxcom.com.

NOTE TO INVESTORS: The latest news and updates relating to SYNX are available in the company’s newsroom at https://ibn.fm/SYNX

• PLA gives overlooked biological evidence its own analysis before combining the findings.
• Published HCC research connects PLA-guided investigation with a four-gene survival signature validated in an independent patient cohort.
• As Anthropic and OpenAI expand biological discovery with AI agents, Oncotelic is targeting a 100-billion-vector protein program.

Oncotelic Therapeutics Inc. (OTCQB: OTLC) is building its PDAOAI drug discovery engine around a compelling premise: a clue buried in a small corner of the literature can redirect an entire research program. Its Partitioned Literature Aggregation (“PLA”) algorithm is designed to uncover those clues. A liver-cancer study published in Biomedicines on October 23, 2026, now provides a concrete example of that approach reaching patient-data validation.

In its October 26 announcement, Oncotelic highlighted the HCC publication and its connection to the broader PDAOAI discovery program, following the company’s October 22 keynote at the 22nd Drug Discovery Strategic Summit.

Giving the overlooked clue a chance

PLA partitions vectorized biomedical literature by disease or mechanism, analyzes each group independently, and aggregates the findings. A single similarity-ranked evidence pool can let a large research field crowd out a smaller but informative one. PLA gives those smaller bodies of evidence dedicated attention, preserving differences and exceptions that can point to a new biological question.

The platform’s intellectual-property foundation includes Oncotelic’s published international patent application WO 2025/117898 A1, Structures and methods for autonomous agents. The filing describes vector-based retrieval, separate document or fragment queries, and aggregation of the resulting responses.

PDAOAI currently indexes approximately 29 million PubMed abstracts. The opportunity is to connect evidence across that literature and turn an overlooked observation into a focused investigation.

Published HCC findings connect the method to patient outcomes

The HCC study applied PLA across 24 cancer-specific literature collections, bringing the contrast between successful mTOR-inhibitor use in renal cancer and unsuccessful historical trials in liver cancer into focus. Transcriptomic survival analysis then identified a four-gene composite: PPARGC1A, EIF4E, RRAGC, and FKBP1A.

In the discovery analysis, patients with high adverse-risk scores had a 2.59-fold higher hazard of death. The same score subsequently separated survival outcomes in an independent Japanese cohort of 203 patients, without selecting new genes or refitting its coefficients. This independently validated prognostic association provides a basis for identifying higher-risk patients and prospectively testing whether the signature can help guide mTOR-directed treatment research.

Anthropic and OpenAI reinforce the case for focused investigation

The broader AI field is producing evidence for dividing complex biological questions into focused investigations and combining the results. Oncotelic sees this convergence as independent support for the partition-and-aggregate principle behind PLA.

Anthropic’s enzyme-discovery campaign searched a database of approximately 1.94 billion protein clusters. Its agents narrowed the search, investigated individual families, and surfaced an unusual enzyme system with CRISPR-like repeats. The campaign used 949 agent sessions over 21.5 hours, with human scientists performing the laboratory follow-up. The work illustrates how targeted investigation can uncover an unexpected feature inside an enormous biological search space.

OpenAI, PerturbAI, and Scripps Research reported a complementary result on October 21. Thousands of agents examined gene disruptions in mouse-brain data, connected the results with literature, and combined their findings. At the largest tested workload, distributed agents cited more than 700 references versus 11 for a single agent under fixed model and resource conditions. In blinded comparisons, experts preferred the distributed reports 75% of the time.

The next ambition is 100 billion protein vectors

Oncotelic has announced plans to extend PDAOAI into genetic and protein discovery at a target scale of approximately 100 billion vectors. The goal is to carry focused biological investigation beyond published abstracts and into protein representations, using coordinated AI agents to pursue questions at a much larger scale.

The 100-billion figure is a development target for numerical representations of biological information. Anthropic’s 1.94-billion figure counts protein clusters, so the two describe different kinds of scale. For Oncotelic, the promise is a richer search space in which disease evidence, protein relationships, and testable hypotheses can be connected.

The strategic opportunity resembles a scientific land grab: finding valuable biological mechanisms and establishing what they can do before they are widely understood. Turning those findings into useful tools or treatments is the prize. Oncotelic enters that race with a PLA-based discovery engine, published HCC findings, and an ambitious next step. The next valuable clue may already be in the data.

For more information, visit PDAOAI.com and Oncotelic.com.

NOTE TO INVESTORS: The latest news and updates relating to OTLC are available in the company’s newsroom at ibn.fm/OTLC

• Autonomous drones depend on more than flight capabilities. Secure communications, reliable control systems and trustworthy data are also essential to maintaining mission success.
• As unmanned systems operate in increasingly contested environments, cybersecurity can help protect against threats ranging from unauthorized system changes to disrupted or manipulated communications.
• Mobilicom Ltd. addresses these risks through its Secured Autonomy (TM) framework, which spans platform security, communications and electronic warfare (“EW”) protection, and fleet-level security.

Autonomous drones and other unmanned systems are designed to carry out missions with varying degrees of human oversight. But their capabilities depend on more than their ability to fly or navigate. They also depend on communications links connecting platforms with operators, onboard control systems that execute mission instructions, and reliable data that supports decision-making.

These interconnected components create potential vulnerabilities. Communications can be disrupted or manipulated, software and onboard systems can be subject to unauthorized changes, and compromised data can undermine mission execution. In military environments, where drones may operate under electronic warfare pressure or face deliberate cyberattacks, these risks can have consequences beyond the individual platform.

Cybersecurity is therefore becoming an important layer of operational resilience. Although no solution can eliminate every threat, protective measures can help safeguard mission systems, strengthen communications security and reduce the risk of unauthorized access or interference.

Mobilicom Ltd. (NASDAQ: MOB), a provider of cybersecurity, software and hardware solutions for drones, robotics and autonomous platforms, addresses these challenges through its Secured Autonomy (TM) framework. The approach recognizes that protecting autonomous operations requires security across multiple interconnected layers, rather than relying on any single component.

The first pillar, Platform Security, focuses on onboard systems and mission logic. Through its OS3 cybersecurity software, Mobilicom helps protect mission computers, software and internal networks against tampering and unauthorized changes, preserving the integrity of the systems responsible for executing a mission.

The second pillar, Communications and Electronic Warfare (“EW”) Protection, focuses on links carrying control commands, telemetry and video. These connections can be vulnerable to jamming, spoofing, interception and other link-level threats. Mobilicom’s secure communications hardware and ICE software suite are designed to improve communications resilience and protect against electronic warfare threats in contested environments.

The third pillar, Fleet-Level Protection, extends cybersecurity beyond individual drones to the systems used to oversee and coordinate multiple platforms. Through OS3, Mobilicom provides cybersecurity capabilities designed to secure operational control, manage access and enforce security policies across connected fleets, addressing risks that can emerge as unmanned operations become more connected and complex.

Mobilicom also works with autonomy and technology providers to integrate its cybersecurity capabilities into broader solutions. Through these collaborations, manufacturers can incorporate protection into their platforms as they are developed and deployed, helping make cybersecurity a foundational part of autonomous-system design.

As military organizations increasingly rely on unmanned platforms, securing how drones communicate, process information and operate as part of a wider network is becoming increasingly important. Mobilicom’s Secured Autonomy (TM) framework reflects this broader approach: protecting the systems and connections that help autonomous platforms operate reliably and complete missions in challenging environments.

For more information, visit the company’s website at Mobilicom.com.

NOTE TO INVESTORS: The latest news and updates relating to MOB are available in the company’s newsroom at https://ibn.fm/MOB

Stocktoberfest presented by Tradr ETFs, Stocktwits’ flagship annual event held in New York City from October 5 to 7, was designed around a simple idea: put the right people in the same room and let the conversations happen. More than 350 ticketed guests attended, including 40 financial creators with a combined audience of more than 11 million followers.

Stocktwits built the guest list around five groups that rarely share a stage: top traders and Chartered Market Technicians; public company executives, including CEOs, CFOs, and investor relations leads; data and information providers building the infrastructure behind trading decisions; registered investment advisors and retail analysts; and the financial content creators driving retail investor engagement across social platforms and emerging financial media.

Attendees and speakers came from firms across the investing ecosystem, including Webull, Two Sigma, Cantor Fitzgerald, DraftKings, Cboe, Public, and State Street Investment Management.

The October 7 programming at City Winery reflected that mix. Brokerage and trading infrastructure leaders included Anthony Denier, US CEO of Webull; Jack Keating, CEO of Webull Tech US; and Nadia Asoyan, CFO of Alpaca. Company executives on the investor relations and small-cap panels included Phil De Sousa, CFO of Voyager Technologies; Paul Prager, Co-Founder and CEO of TeraWulf Inc.; Linda Montgomery, VP of Corporate Development at ZenaTech; and Anupam Ghildyal, CGO of REalloys.

Creators and advisors were well represented, with Chris Camillo of DumbMoney.TV, Samantha LaDuc of LaDucTrading.com, Douglas Boneparth of Bone Fide Wealth, and Gautam Shah of Eras Capital. Investment and market-structure voices included Barry Ritholtz of Ritholtz Wealth Management, Ted Seides of Capital Allocators, Ben Hunt, and Michael Parekh. Stocktwits Founder and CEO Howard Lindzon hosted throughout the day.

Many of the event’s partners did more than sponsor. Tradr ETFs, the event’s Title Partner, was represented on the Leveraged & Inverse ETFs panel by Matt Markiewicz, Head of Product and Capital Markets, alongside Bilal Little, Global ETF Strategist at fellow partner Direxion. Nasdaq Private Market COO Andrew Krochulick led a fireside chat on private markets, and Secfi CEO and Founder Frederik Mijnhardt led one on late-stage private valuations. Partners Alpaca, Voyager Technologies, ZenaTech, REalloys, and Rothschild Wealth Partners also had executives on stage.

Stocktoberfest 2026 was presented by Title Partner Tradr ETFs. Supporting partners were Nasdaq Private Market, MicroSectors, Direxion, ZenaTech, REalloys, IBN, Voyager Technologies, Secfi, and Accutron. On-site partners were Alpaca, Maxim Group, ArcStone, Carbon Arc, Lowenstein Sandler, Rothschild Wealth Partners, and VanEck.

Stocktwits thanks each partner for helping bring together the traders, creators, and executives who make the Stocktwits community what it is.

For more information and to stay tuned for Stocktoberfest 2027, visit stocktoberfest.stocktwits.com

Disseminated on behalf of Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) and may include paid advertising.

• The plan projects estimated net cash flow of US$1.68 billion before taxes and US$1.32 billion after taxes over an 11-year active mine life.
• Output steps up to roughly 112,500 Au Eq ounces a year from Year 4 through Year 11, with four years of the plan topping 120,000 ounces.
• Nevada accounted for about 64% of U.S. gold mine production in 2025, according to the U.S. Geological Survey.

Gold is holding over US$4,100 an ounce though mid-October, a level few mine plans were built around, but higher prices don’t produce new ounces on their own. New mines take years to permit, finance and build, and the projects best placed to benefit are those with credible production plans, defined capital requirements and economics that can withstand a retreat in metal prices. Dual-listed on the TSX Venture Exchange and OTCQB, Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) just put numbers to that case.

On October 14, 2026, the company released an updated Preliminary Economic Assessment (“PEA”) for its flagship Santa Fe Mine in Nevada’s Walker Lane. The study outlines a post-tax net present value at a 5% discount rate of US$820 million and an internal rate of return (“IRR”) of 40.1% at base-case prices of US$3,600 gold and US$49 silver. That NPV is more than fourteen times the US$56.5 million figure in the 2024 PEA, though the two studies reflect different mine plans and economic assumptions, including substantially higher metal prices in the update.

The Cash-Flow Math

The plan projects estimated net cash flow of US$1.68 billion before taxes and US$1.32 billion after taxes over an 11-year active mine life. Pre-production capital is estimated at US$172 million, including a US$22.2 million contingency, with payback projected in 3.7 years.

Estimated cash costs are US$1,909 per gold ounce and all-in sustaining costs are US$2,250. At the base-case gold price, that AISC represents a spread of US$1,350 per ounce, and higher gold prices would widen it, assuming costs hold.

A Production Profile That Builds

The operation would process 4.6 million tonnes per year (12,500 tonnes per day) for the first three years, then expand to 6.2 million tonnes per year (17,000 tonnes per day). Output climbs from roughly 23,000 gold-equivalent (Au Eq) ounces in Year 1 to nearly 48,000 in Year 3, then jumps to 122,800 ounces in Year 4 as throughput and grades step up.

Across the full plan, average annual production comes to about 91,900 Au Eq ounces, made up of roughly 88,300 ounces of gold and 254,000 ounces of silver. Output steps up to roughly 112,500 Au Eq ounces a year from Year 4 through Year 11, with four years of the plan topping 120,000 ounces.

The plan draws on four deposits (Santa Fe, Calvada, Slab and York) and, for the first time, includes sulfide material from the Santa Fe pit, which would be pre-oxidized on a separate pad before leaching.

Leverage Without Dependence

The project remains sensitive to the gold market but holds up at lower prices. At US$3,000 gold and US$30 silver, roughly 28% below the recent spot gold price, post-tax NPV comes to US$476.2 million with a 27.3% IRR. At the spot case of US$4,166 gold and US$59 silver, post-tax NPV rises to US$1.13 billion and IRR to 50.4%, with payback shortening to 3.3 years.

Why Nevada Still Anchors U.S. Gold

Nevada accounted for about 64% of U.S. gold mine production in 2025, according to the U.S. Geological Survey. The country mined an estimated 160 tonnes of gold that year, worth about US$17 billion, ranking fifth worldwide. Nevada was also the leading mineral-producing state by value for the second straight year.

That concentration reflects more than geology. Nevada has a workforce, contractors and supply chains built around open-pit, heap-leach gold mining, the same approach Santa Fe used when it produced 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995.

Lahontan has completed its environmental baseline studies, the PEA mine plan will inform the final Mine Plan of Operations to be submitted to the U.S. Bureau of Land Management, and the company expects to obtain construction permits in 2027. With gold prices reflecting uncertainty abroad, Nevada’s established mining industry and regulatory framework provide a familiar setting for development, although Santa Fe must still secure permits, financing and construction approvals before production can resume.

The Cornerstone

Founder and CEO Kimberly Ann called Santa Fe “the cornerstone of Lahontan’s strategy to become a gold and silver producer focused on Nevada, one of the world’s premier mining jurisdictions.” The company is also drilling Santa Fe’s historic heap-leach pads and advancing the West Santa Fe satellite project roughly 13 kilometers to the southwest.

The PEA remains preliminary, includes Inferred Mineral Resources and does not establish mineral reserves or guarantee economic viability. Still, it provides a detailed framework for evaluating Santa Fe’s potential production, capital requirements and cash generation as Lahontan advances permitting.

For more information, visit the company’s website at www.LahontanGoldCorp.com.

NOTE TO INVESTORS: The latest news and updates relating to LGCXF are available in the company’s newsroom at ibn.fm/LGCXF

• Golf simulation producer TruGolf Holdings has engaged wholly owned subsidiary Polymath to migrate the capitalization table of its TruGolf Links franchise business onto Polymesh, a blockchain designed for regulated digital securities.
• The agreement marks the first internal technology deployment since TruGolf completed its acquisition of Polymath on October 8, 2026, as the combined company seeks to pair TruGolf’s established golf simulation business with Polymath’s digital securities infrastructure.
• TruGolf Links’ Regional Developers in New Jersey, New York, and Illinois represent more than 100 future locations, as the network scales toward 221+ committed locations.
• The tokenized ownership infrastructure is intended to support investor onboarding and compliance controls as the franchise network expands.
• TruGolf and Polymath are developing an equipment leasing program and fractional franchise ownership opportunities for qualified franchisees, with initial rollout targeted for the first quarter of 2027.

TruGolf Holdings (NASDAQ: TRUG), a producer of advanced golf simulation systems for home or entertainment venues, has engaged its newly acquired subsidiary Polymath to put the ownership records of its indoor golf franchise business onto a blockchain-based securities platform, marking the first technology deployment announced since TruGolf and Polymath officially combined October 8, 2026.

Under an intercompany agreement announced October 14, TruGolf Links Franchising LLC will work with Polymath Research Inc. to migrate its capitalization table, or cap table, onto Polymesh, a public, permissioned blockchain designed for regulated digital assets. The system is intended to incorporate investor identity verification and transfer restrictions into the digital representation of equity ownership (https://ibn.fm/Ikbrm).

The agreement follows TruGolf’s completion of its acquisition of Polymath on October 8. It provides an initial practical application for the tokenization business within TruGolf’s existing operations, rather than an external customer deployment.

The companies are also developing an equipment leasing program and fractional franchise ownership opportunities for qualified franchisees. Initial rollout is targeted for the first quarter of 2027.

The development links two different business models: TruGolf’s golf simulation hardware and software operations, and Polymath’s technology for issuing and managing tokenized securities. 

TruGolf Links uses a Regional Developer model in which operators acquire exclusive territories in markets with populations of one million or more. The company opened its flagship location at Plaza at Cherry Hill in New Jersey in July. TruGolf Links’ Regional Developers in New Jersey, New York, and Illinois represent more than 100 future locations, as the network scales toward 221+ committed locations. These are planned locations represented by developer commitments, not operating facilities.

As a franchise network grows, keeping ownership records accurate and managing transfers can become more complex. Polymath’s planned cap-table migration is intended to provide a centralized, real-time record of equity ownership while embedding identity checks and restrictions on transfers into the tokenization infrastructure. The structure is designed to help support compliance with applicable securities laws. 

In the company’s announcement of the engagement, TruGolf Links President Nate Larsen described the project as a next step in applying technology not only to how golf is played, but also to how the underlying business is owned. 

“TruGolf has spent more than forty years proving the game belongs indoors. Every bay we open runs on TruGolf’s trusted simulation technology. Now the business behind those bays runs on technology built for where we believe capital markets are heading. We built the future of how golf is played. This is the next chapter: how it’s owned,” Larsen said.

Natalie Hirsch, TruGolf’s chief financial officer and chief operating officer, and Polymath’s chief executive officer, characterized the deployment as an early example of pairing an operating business with digital securities infrastructure.

TruGolf has operated in golf technology for more than four decades. Its business includes indoor golf simulation systems, software and the E6 platform, which supports digital golf experiences and competition. TruGolf Links offers indoor golf facilities with memberships, leagues, lessons, tournaments and private events. Its expansion model depends on franchise development and the ability to attract operators who can finance and run additional locations.

Founded in 2017, Polymath developed the ST-20 security token standard and launched Polymesh in 2021. Its technology is designed to support the issuance and administration of digital securities, with identity and compliance functions built into the network.

For more information, visit the company’s website at www.TruGolf.com.

NOTE TO INVESTORS: The latest news and updates relating to TRUG are available in the company’s newsroom at https://ibn.fm/TRUG

Important Notice

No securities are currently being offered pursuant to this announcement. Any future offering, including any equipment leasing or fractional franchise ownership opportunity, will be made only pursuant to applicable offering documents and in accordance with applicable securities laws and regulations. This release is not an offer to sell or a solicitation of an offer to buy any security, and is not a recommendation with respect to any investment.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, as well as forward-looking information within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and include statements regarding beliefs, plans, expectations, intentions, estimates, projections, or assumptions regarding future events or performance.

Forward-looking statements in this press release include, but are not limited to, statements regarding: the services to be provided by Polymath to TruGolf Links and the anticipated benefits of the agreement; the migration of TruGolf Links’ capitalization table to tokenized form; the anticipated development and timing of TruGolf Links’ equipment leasing program and fractional franchise ownership opportunities; the expected growth of the TruGolf Links franchise network; and the anticipated benefits of TruGolf’s acquisition of Polymath.

Forward-looking statements are generally identified by words such as “anticipates,” “believes,” “expects,” “intends,” “plans,” “projects,” “estimates,” “may,” “will,” “would,” “could,” “should,” and similar expressions or the negative thereof. These statements are based on current expectations, assumptions, and estimates of management as of the date of this press release and involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or developments to differ materially from those expressed or implied by such forward-looking statements.

Factors that could cause actual results to differ materially from those contemplated by the forward-looking statements include, among others: TruGolf’s ability to successfully integrate Polymath’s business and realize the anticipated benefits of the acquisition; TruGolf Links’ ability to open committed locations; risks related to digital assets, tokenized securities, and token-related initiatives; changes in market conditions; changes in applicable laws or regulations; competitive pressures; general economic and business conditions; and other risks and uncertainties described from time to time in TruGolf’s filings with the Securities and Exchange Commission.

Although management believes that the assumptions and expectations reflected in the forward-looking statements are reasonable as of the date hereof, no assurance can be given that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and TruGolf undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.

Disseminated on behalf of Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) and may include paid advertising.

• Lahontan CEO walked through the steps that keep the company’s 2027 construction target on track during recent interview.
• Lahontan recently announced a definitive agreement to acquire Emergent Metals, which would give it 100% of West Santa Fe, eliminates approximately $1.73 million in future payments, and ends 1% net smelter return royalties on West Santa Fe and 27 York claims at Santa Fe, and adds adjoining New York Canyon project.
• Permitting work has been under way for the past three and a half years and an updated preliminary economic assessment is due imminently.

A gold price above $4,100 an ounce does little for a developer that cannot say when it will build, which makes the timeline the real story for companies still short of production. Dual-listed on the TSX Venture Exchange and OTCQB, Lahontan Gold (TSX.V: LG) (OTCQB: LGCXF) is telling that story with a date attached, and in a recent CEO.CA interview, founder and CEO Kimberly Ann walked through the steps that keep its 2027 construction target on track. The company is a Nevada-focused mine developer advancing four gold and silver projects in the Walker Lane, led by the planned restart of the past-producing Santa Fe Mine.

Gold is holding at historically high levels while trading well off its peak. Spot gold was at $4,183.13 an ounce in early October, after hitting what CNBC reported as a two-month low. Gold’s record remains the $5,597.23 reached on January 29, 2026, and CNBC reported that traders were pricing an 82% probability of a Federal Reserve rate increase in December.

That backdrop matters for Lahontan because of the assumptions beneath the numbers. The company’s updated mineral resource estimate (“MRE”), announced August 17, outlined 1,195,000 gold-equivalent ounces in the indicated category and 1,190,000 in the inferred category, all pit constrained, a 22% increase over the 2024 estimate. It was calculated at $3,250 gold, more than $900 below last week’s spot price. Santa Fe previously produced 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pits with heap-leach processing.

The CEO.CA conversation opened with the transaction. On September 16, Lahontan announced a definitive agreement to acquire Emergent Metals Corp., a deal that gives it 100% of West Santa Fe, eliminates approximately $1.73 million in future payments, ends 1% net smelter return royalties on West Santa Fe and 27 York claims at Santa Fe, and adds the adjoining New York Canyon project. Completion remains subject to Emergent shareholders, with a vote expected in November, court and TSX Venture Exchange approvals.

“We are looking at strategic opportunities to grow our land package on a low-cost basis,” Ann stated. “This transaction is about 4% dilution to our shareholders,” observing that the ground around the company’s existing pits drove the timing. “My team has found so much more mineralization that it was going to be problematic later and needing a layback for those pits,” she continued. “So, I wanted to pull the trigger earlier than later.”

Regarding permitting, Ann said the work has been under way for three and a half years and that an updated preliminary economic assessment is due “in the next couple weeks.” She described it as an engineering document not a promotional one, looking at “where are we putting the pads? How much dust we’re kicking up? How much rock we’re moving?”  Those details are required, she explained, “because it’s the last component of our application for a mine permit . . . [which] will set us up for having our permit in Q2 of next year.” Lahontan’s website lists Nevada state permitting as in progress, a federal Mine Plan of Operations as the next step and construction targeted for 2027.

At West Santa Fe, where Lahontan mobilized a drill rig last month for approximately 3,500 meters of drilling in 20 holes, Ann said the appeal is simple: “It’s all oxide. It starts at the surface. It’s 13 kilometers away.” She outlined two options, trucking material to Santa Fe for crushing and processing with “virtually no capex” or adding leach pads on site if drilling outlines enough ounces. Baseline studies began about nine months ago, she noted, “because we know it’s going to take two years in baseline studies.” The company is targeting a maiden resource by year-end.

Ann also addressed the build. Lahontan recently added a vice president of exploration, a senior mine engineer and an investor relations and business development lead, and named a new chief financial officer. The 2024 economic study estimated preproduction capital at $135.1 million, including a 20% contingency, and Ann said she does not expect the updated figure to rise much. The company plans to fund roughly 80% with debt and the rest with equity. “A straight debt deal is really advantageous when your payback is less than a year and a half,” she observed.

“Next year we’re going to be pouring gold,” Ann continued, adding that the company will tell investors if a timeline changes. “I like full transparency to shareholders because nobody likes it when they hear silence for six months,” she said.

For more information, visit the company’s website at www.LahontanGoldCorp.com.

NOTE TO INVESTORS: The latest news and updates relating to LGCXF are available in the company’s newsroom at ibn.fm/LGCXF

Disseminated on behalf of Powermax Minerals Inc. (CSE: PMAX) (OTCQB: PWMXF) and may include paid advertising.

• Powermax Minerals, focused on rare earth element projects in North America, has entered into a three-year option agreement to acquire a 100% interest in the Melba North Property
• The property is underlain by the Clay-Howells Alkalic Rock Complex that is interpreted as a center characterized by LREE-dominant, magnetite-associated and carbonatite-related REE mineralization
• A 2025 assessment report on the Clay-Howells claim, which included claims listed on the Melba North option schedule, documented 49 samples that returned more than 0.17% total rare earth element oxides (“TREO”)
• The Melba North Property is adjacent to Powermax’s Hopkins REE property, where the company has, using a desktop study, identified priority areas for future field validation; however, mineralization continuity between the two sites has not yet been established

Powermax Minerals (CSE: PMAX) (OTCQB: PWMXF), a Canadian mineral exploration company focused on rare earth element projects in North America, recently entered into a three-year option agreement with Gravel Ridge Resources Ltd. and 1544230 Ontario Inc. The agreement grants Powermax an option to acquire a 100% interest in the Melba North property (https://ibn.fm/YvKri).

Located in the Clay-Howells townships area of northern Ontario, the Melba North Property is adjacent to Powermax’s Hopkins REE property. It consists of 10 unpatented mining claims comprising 160 cells and covering approximately 3,360 hectares. Both the Melba North and the Hopkins are underlain by the Clay-Howells Alkalic Rock Complex, a Late Precambrian alkalic intrusive complex. Interpretations of data from the complex describe a structurally emplaced, multi-phase alkaline-carbonatite intrusive center characterized by LREE-dominant, magnetite-associated and carbonatite-related REE mineralization (https://ibn.fm/2ai8M). (Note: Although Hopkins and Melba North are adjacent sites, mineralization continuity between them has not yet been established.)

Claims listed in the Melba North option schedule were covered in a November 2025 assessment work report by Laurentia Exploration Inc. for Argyle Resources Corp. The report documented seven heli-portable BTW size drill holes totaling 1,983 meters on the Clay-Howells claim. “Across the selected samples reported, 49 returned more than 0.17% TREO (total rare earth element oxides), including 20 above 0.30% TREO and six above 0.50% TREO. The highest reported sample interval was 0.76% TREO over 0.60 m,” reads Powermax’s announcement of the agreement.

The company plans to include Melba North in its current Hopkins-area exploration work and wants to confirm whether a permit issued on September 2, 2025, remains valid and covers the planned drilling before mobilization. In addition to combining the exploration work at the two adjacent properties, Powermax intends to integrate the historical drill database with mapping, sampling, and geophysical data to “refine targets and assess follow-up drilling.”

“Melba North adds an important land position beside Hopkins and lets us evaluate the two areas within a coordinated exploration framework,” commented Paul Gorman, CEO of Powermax. “We will integrate the 2025 drilling data with our current field work and evaluate suitable targets for follow-up drilling, subject to permit conditions and regulatory approvals.”

The Melba North Property option agreement comes a few months after Powermax announced the option to acquire the Hopkins Rare Earths Project comprising 13 mineral claims that cover about 6,145 hectares (https://ibn.fm/DgcrA). The company later announced it had received a desktop study for the project, which evaluated publicly available datasets to assess REE prospectivity. The study identified multiple priority targets, providing Powermax with a clear, focused path forward for field validation (https://ibn.fm/2ai8M).

For more information, visit the company’s website at www.PowermaxMinerals.com.

NOTE TO INVESTORS: The latest news and updates relating to PWMXF are available in the company’s newsroom at https://ibn.fm/PWMXF